Charlene Chu, the world-renowned economic analyst whose warnings in 2014 prompted the Chinese government to hastily change their economic policies, is back on One Decision to discuss the fallout from the liquidation of the Hong Kong assets of Evergrande, China’s massive, troubled property developer that she described as “the canary in the coal mine”. As scores of developers default on their debts, countless Chinese homeowners see the value of their savings and assets plummet, and the CCP considers putting foreign investors on the hook for massive losses to protect the domestic market—what are the global ramifications of the property market crisis? Chu’s analysis on the latest stage of the crisis comes with a dire warning of a different looming challenge, one that could be an even bigger catastrophe for China—and the world—and is coming down the track soon. Plus analysis from One Decision’s Sir Richard Dearlove, the former chief of MI6.